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  • Deal or case news
  • 08-06-2012

NautaDutilh assists Saab AB (Saab), the worldwide defence and security company listed on NASDAQ OMX Stockholm, with its intended public offer for all outstanding shares of HITT N.V. (HITT), which are listed on the NYSE Euronext Amsterdam stock exchange.

HITT develops technology and implements projects to improve safety, security at airports and in maritime environments.

On 7 June 2012 Saab and HITT have issued a press release in which they have announced to have reached an agreement pursuant to which Saab would acquire all outstanding equity of HITT for approximately EUR 29.7 million in a recommended cash public offer, which represents a purchase price of EUR 6.60 per share. HITT Holding B.V. and four other large shareholders together holding 73.6% of the shares, support the offer and have agreed to tender their shares in the offer.

NautaDutilh's team headed by corporate partner Christiaan de Brauw consists of Philippine van Leeuwen and Sybren de Beurs.

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